| Exhibit 12.1 | |||||||||||||||||||||||
| Park-Ohio Holdings Corp. | |||||||||||||||||||||||
| Computation of Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||
| (In millions, except ratio data) | |||||||||||||||||||||||
| Three months ended | Year ended December 31, | ||||||||||||||||||||||
| March 31, 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
| Earnings (loss) before income taxes | $ | 16.1 | $ | 50.5 | $ | 24.2 | $ | 17.2 | $ | (6.0 | ) | $ | (98.8 | ) | |||||||||
| Less capitalized interest | — | — | — | — | — | — | |||||||||||||||||
| Fixed charges | 7.9 | 31.6 | 37.6 | 28.2 | 27.5 | 32.7 | |||||||||||||||||
| Earnings (loss) available for fixed charges | 24.0 | 82.1 | 61.8 | 45.4 | 21.5 | (66.1 | ) | ||||||||||||||||
| Fixed charges: | |||||||||||||||||||||||
Interest component of rent expense(1) | 1.4 | 5.2 | 5.4 | 4.4 | 4.3 | 4.8 | |||||||||||||||||
| Interest expense | 6.5 | 26.4 | 32.2 | 23.8 | 23.2 | 27.9 | |||||||||||||||||
| Interest capitalized | — | — | — | — | — | — | |||||||||||||||||
Amortization of deferred financing costs(2) | — | — | — | — | — | — | |||||||||||||||||
| Total fixed charges | $ | 7.9 | $ | 31.6 | $ | 37.6 | $ | 28.2 | $ | 27.5 | $ | 32.7 | |||||||||||
| Ratio of earnings to fixed charges | 3.0 | 2.6 | 1.6 | 1.6 | (3 | ) | (3 | ) | |||||||||||||||
(1) Interest component of rent expense is considered a reasonable approximation of the interest factor. | |||||||||||
(2) Included in interest expense | |||||||||||
(3) Earnings were inadequate to cover fixed charges for the years ended December 31, 2009 and December 31, 2008 and the coverage deficiency totaled $6.0 million and $98.8 million, respectively. | |||||||||||
